What are final goods?

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Final consumption by consumer

Final Consumption by factories

Goods with wholesaler

None of the above

answer is A.

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Detailed Solution

Final goods are final consumption by the consumer.
Goods that don't need to be processed any further are referred to as "final goods." These products, usually referred to as consumer goods, are created with the intention of being consumed directly by the final user. Final goods are, to put it simply, products that are produced by a business for later use by the consumer. The goods that households buy are intended for consumption in the end. For instance, television, milk, prepared meals, medications, and more. While calculating GDP, only final goods and services are included to prevent the error of double counting.

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Result Producing online coaching for JEE/NEET of south India

Largest All India Test Series for JEE/NEET

Best Online Course for IIT JEE

Best Online Course for NEET

Best Online Course for CBSE